CBN To Mop Up Dormant Account Balances, Unclaimed Funds
The Central Bank of Nigeria, CBN, has proposed that banks should transfer funds in accounts that have been dormant
Read more
Banking $ Finance
Moruf Oseni Takes Over As MD/CEO Wema Bank Plc
Wema Bank Plc has announced Moruf Oseni as the substantive Managing Director and Chief Executive Officer effective April 1,
Read moreCBN Bars Banks Seeking Upgrade From Expansion
The Central Bank of Nigeria, CBN has barred banks and other financial institutions seeking a conversion licence from expanding
Read moreBank Credit to Govt Hits N28.43tn
Banks’ credits to the government rose by N3.77tn in the first two months of 2023. Figures obtained from
Read moreWhy We Introduced e-naira —CBN
The Central Bank of Nigeria, CBN, weekend, explained that the e-naira was introduced to reduce the physical cash in
Read moreCBN Releases More Cash, Orders Banks To Open On Weekend
The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across
Read moreBREAKING: CBN Raises Interest Rate to 18%
The Monetary Policy Committee, MPC of the Central Bank of Nigeria, CBN, has voted to increase the benchmark interest
Read moreAccept Old N200, N500, N1,000 Notes, CBN Orders Banks
The Central Bank of Nigeria, CBN, last night directed all banks to obey the Supreme Court order on the old
Read moreJust In: Buhari Speaks On Naira Swap, Says Malami, Emefiele Have No Reason To Disobey S’ Court Orders
The Presidency said that President Muhammadu Buhari did not instruct or direct the Attorney General of the Federation, AGF, and
Read moreOld Naira Notes: Court Bars Buhari, CBN From Extending Deadline
Federal Capital Territory (FCT) High Court has compelled the Central Bank of Nigeria (CBN) to go ahead with the full
Read more